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China H-beam export prices stable as mills try to shore up mart

Keywords: Tags  China steel exports, H-beams, export prices, export offers, Laiwu Steel Group

SHANGHAI — China’s H-beam export prices were stable this week, with steelmakers still trying to shore up the market.

Export prices for small and medium-sized boron-containing H-beams were in a range of $600 to $610 per tonne f.o.b. Feb. 28, unchanged from a week earlier.

"Transactions are still being made at $600 to $610 per tonne f.o.b. this week, although bookings saw a small decrease," an export director at a producer in Hebei province told AMM sister publication Steel First.

The steelmaker isn’t facing any sales pressure stemming from lower production due to maintenance, he added.

However, Shandong-based Laiwu Steel Group Ltd. held to its higher offers. "We have not given price discounts for the moment since we need to secure a good profit margin from all our sales," an export manager at the steelmaker said. She also noted that spot iron ore prices hadn’t dropped as much as expected to relieve the high production costs.

Base export offers for the product also remained flat at $620 to $630 per tonne f.o.b. for April shipment.

Current export offers were tracking a softening in the domestic market, according to the Laiwu Steel export manager.

A version of this article was first published by AMM sister publication Steel First.

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